- Boss Energy’s Enhanced Feasibility Study (EFS) for its Honeymoon Uranium Project is close to completion after finalising its process engineering studies
- The studies incorporated ion exchange columns, which could help increase the Australian project’s nameplate capacity to 2.45 million pounds per annum
- The columns form a key part of the Honeymoon EFS, which ultimately aims to reduce the operating costs of the project
- Following the process engineering studies being completed, Boss advises the EFS will be finalised in May and then made public in the June quarter
- Shares in BOE are trading down 3.45 per cent at 14 cents per share
Boss Energy’s Enhanced Feasibility Study (EFS) for its Honeymoon Uranium Project is one step closer to being completed.
The uranium company said the EFS was 75 per cent completed, following the completion of process engineering studies.
The studies focused on using ion exchange columns, instead of the previously installed SX pulsed columns.
It’s hoped the ion columns will increase the Australian project’s nameplate capacity to 2.45 million pounds per annum.
Introducing the columns are a key part of the wider EFS, which Boss commissioned to significantly reduce the operating costs of the project.
The study also aims to incorporate cost and operational improvements identified since the Feasibility Study for Honeymoon was completed in January 2020.
“As we move to the finalisation and announcement of the EFS, we are growing even more confident in the economic and technical strength of Honeymoon, with the added benefit of an improving Uranium market,” MD Duncan Craib said.
“The EFS should further articulate Honeymoon’s potential to become Australia’s next uranium producer and allow detailed financial modelling to facilitate project finance evaluation,” Duncan added.
“The EFS study promises to be defining event for Boss as we look to fund and develop this high-quality clean energy project,” he said.
Following the process engineering studies being completed, Boss advises the EFS is on track to being finished in May for internal review.
The company will then finalise the document and release it to the market sometime during the June quarter.
Shares in BOE are trading down 3.45 per cent at 14 cents per share at the close of market on Monday.